Select variables for principal component analysis

From the PCA, three components were retained. These three components, as well as one additional variable, sale_pricesft_ch, defined as the percentage change in median arms-length home sale prices per sqare foot, from the period of 2014-2016 to 2017-2019.

The cluster analysis settled on a solution identifying eight distinct neighborhood types among Cleveland’s block groups.

Clusters

Ordered by median sale price/sqft

Ordered by median household income